High Voltage: Japan gets in on EV tax breaks under US inflation reduction act in new battery minerals deal

US and Japan strike a trade deal on electric vehicle battery minerals
Ford plans to onshore US mining and processing capability inline with EV goals
Liontown Resources biggest mover this week following Albermarle takeover offer

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.

A trade deal has been struck between the United States and Japan on electric vehicle battery minerals, paving the way for Japanese automakers to get in on the US$7,500 EV tax credit.

Under the IRA rules, electric vehicles can qualify for subsidies only if at least 40% of the critical minerals within come from the US or a country it has a free trade agreement with.

Materials such as lithium, nickel, cobalt, graphite, and manganese would fall under the pact and qualify for subsidies under the Inflation Reduction Act (IRA) if collected or processed in Japan.

According to reports, Japan was working with the United States to sign the agreement in Washington on Tuesday.

“As the demand for electric vehicle batteries is expected to grow significantly, securing important minerals essential for their production is an urgent issue,” Japanese trade minister Yasutoshi Nishimura told reporters.

The US Treasury is poised to outline sourcing requirements for the EV tax subsidies by the end of the week, delivering much awaited guidance to the auto, battery, and clean energy sectors.

News comes hot on the heels of an agreement between the US and European Commission, allowing European carmakers to get access to the US market, and thus to US tax breaks.

Ford plans to secure all the raw materials it needs by year end

Meanwhile, over in the US, automakers are making a concerted effort to secure their own supply chains and reduce China’s stranglehold on the market.

China produces three-quarters of all lithium-ion batteries and is home to 70% of production capacity for cathodes and 85% for anodes (both are key components of batteries).

Ford CEO Jim Farley told Yahoo the challenge is going to be to onshore all of that capability in the US.

“It will be a huge job, just like it has been for semiconductors,” he said.

“Batteries are the constraint here,” @Ford CEO @jimfarley98 says on ramping up EV production. “Both lithium and nickel are really the key constraining commodities. We normally get those from all over the world. … We want to localise that in North America.” pic.twitter.com/90uPr8DVtE

— Yahoo Finance (@YahooFinance) March 24, 2023

“Batteries are the constraint with both nickel and lithium being the top two key constraining commodities.

“We normally get those materials from all over the world from South America to Africa to Indonesia and Southeast Asia but we want to localise that here in North America – not just the mining but the processing of the materials,” he explained.

“We build about 5 million vehicles at Ford, but we are going to build an extra 2 million with our EV business – that’s why we call ‘Model e’ a start-up because we are going to grow the company’s revenue by about 30 or 40 per cent.

“This is a growth business… by the end of this year we will secure all the raw materials to make 2 million batteries by 2026 that we are going to need to go into our vehicles.

“We are in good shape because we’ve been working on this for a couple of years now.”

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium is performing>>>

Battery metals stocks missing from our list? Shoot a mail to [email protected].

CODE	COMPANY	PRICE	1 WEEK RETURN %	1 MONTH RETURN %	6 MONTH RETURN %	1 YEAR TURN %	MARKET CAP
VIA	Viagold Rare Earth	2	0%	0%	0%	0%	$166,624,808
PVW	PVW Res Ltd	0.077	3%	-13%	-55%	-85%	$7,384,770
A8G	Australasian Metals	0.16	3%	-6%	-45%	-67%	$6,998,984
INF	Infinity Lithium	0.11	10%	0%	-37%	-37%	$46,259,209
LPI	Lithium Pwr Int Ltd	0.31	17%	-5%	-43%	-54%	$176,147,317
PSC	Prospect Res Ltd	0.15	0%	-21%	58%	240%	$76,272,811
PAM	Pan Asia Metals	0.345	-1%	-7%	-9%	-41%	$48,858,261
CXO	Core Lithium	0.9	11%	-3%	-24%	-26%	$1,446,913,099
LOT	Lotus Resources Ltd	0.17	6%	-17%	-23%	-51%	$208,254,940
AGY	Argosy Minerals Ltd	0.465	-1%	-34%	-12%	7%	$561,762,999
AZS	Azure Minerals	0.33	22%	14%	89%	-8%	$122,924,363
NWC	New World Resources	0.047	24%	0%	47%	-6%	$86,325,174
QXR	Qx Resources Limited	0.032	14%	-16%	-3%	-48%	$26,905,870
GSR	Greenstone Resources	0.021	0%	-5%	-66%	-42%	$26,568,937
CAE	Cannindah Resources	0.185	16%	0%	-5%	-42%	$103,966,291
AZL	Arizona Lithium Ltd	0.05	6%	-17%	-37%	-68%	$112,355,213
HNR	Hannans Ltd	0.011	22%	-8%	-48%	-72%	$27,246,048
COB	Cobalt Blue Ltd	0.375	12%	-11%	-47%	-54%	$127,669,848
ESS	Essential Metals Ltd	0.485	0%	-2%	9%	0%	$129,100,930
LPD	Lepidico Ltd	0.011	0%	-21%	-54%	-71%	$80,196,603
MRD	Mount Ridley Mines	0.0035	-13%	-30%	-36%	-61%	$23,354,649
CZN	Corazon Ltd	0.015	0%	-21%	-6%	-53%	$9,154,958
LKE	Lake Resources	0.45	-10%	-23%	-52%	-75%	$589,277,052
DEV	Devex Resources Ltd	0.265	10%	6%	-17%	-44%	$94,548,537
INR	Ioneer Ltd	0.3	5%	-19%	-49%	-46%	$566,551,332
AVZ	AVZ Minerals Ltd	0.78	0%	0%	0%	-32%	$2,752,409,203
MAN	Mandrake Res Ltd	0.043	8%	-20%	23%	-34%	$25,746,677
RLC	Reedy Lagoon Corp.	0.006	0%	-25%	-60%	-81%	$3,400,318
GBR	Greatbould Resources	0.092	5%	-4%	1%	-29%	$42,202,706
FRS	Forrestaniaresources	0.096	-1%	-31%	-51%	-72%	$4,932,196
STK	Strickland Metals	0.036	-3%	-10%	-12%	-33%	$55,977,435
MLX	Metals X Limited	0.285	12%	-10%	6%	-59%	$258,570,829
CLA	Celsius Resource Ltd	0.015	-12%	-12%	0%	-50%	$27,984,793
FGR	First Graphene Ltd	0.083	-2%	-21%	-28%	-51%	$47,266,627
HXG	Hexagon Energy	0.011	0%	-21%	-29%	-79%	$5,642,075
TLG	Talga Group Ltd	1.485	-4%	-10%	5%	3%	$539,148,087
MNS	Magnis Energy Tech	0.255	-16%	-27%	-32%	-51%	$267,737,843
OZL	OZ Minerals	28.01	0%	0%	9%	4%	$9,394,447,048
PLL	Piedmont Lithium Inc	0.805	3%	-10%	-5%	-21%	$331,075,935
EUR	European Lithium Ltd	0.065	-3%	-4%	-13%	-54%	$92,332,829
BKT	Black Rock Mining	0.125	14%	-14%	-24%	-50%	$128,178,530
QEM	QEM Limited	0.18	-12%	-10%	-15%	-5%	$24,325,842
LYC	Lynas Rare Earths	6.54	5%	-18%	-14%	-37%	$5,939,066,434
ESR	Estrella Res Ltd	0.012	9%	-8%	0%	-59%	$14,835,719
ARL	Ardea Resources Ltd	0.52	9%	-5%	-41%	-68%	$84,036,358
GLN	Galan Lithium Ltd	1.025	3%	-8%	-15%	-40%	$290,035,058
JRL	Jindalee Resources	2.5	5%	2%	9%	-16%	$134,840,570
VUL	Vulcan Energy	5.57	-4%	-10%	-26%	-45%	$760,207,095
SBR	Sabre Resources	0.027	13%	-16%	-46%	-55%	$8,161,613
CHN	Chalice Mining Ltd	6.84	11%	13%	85%	-8%	$2,364,088,378
VRC	Volt Resources Ltd	0.01	-17%	-9%	-58%	-44%	$39,394,239
NMT	Neometals Ltd	0.595	5%	-26%	-48%	-66%	$312,298,764
AXN	Alliance Nickel Ltd	0.1	6%	2%	-9%	19%	$64,250,628
PNN	Power Minerals Ltd	0.295	-9%	-27%	-39%	-34%	$20,951,294
IGO	IGO Limited	12.79	9%	-1%	-9%	-7%	$9,072,068,400
GED	Golden Deeps	0.008	0%	-11%	-43%	-20%	$9,241,814
ADV	Ardiden Ltd	0.007	17%	0%	-13%	-50%	$18,818,347
SRI	Sipa Resources Ltd	0.022	-15%	-19%	-54%	-59%	$5,247,637
NTU	Northern Min Ltd	0.039	8%	-7%	-7%	-24%	$203,105,836
AXE	Archer Materials	0.435	-2%	-17%	-42%	-53%	$107,055,899
PGM	Platina Resources	0.021	24%	5%	-11%	-58%	$11,840,426
AAJ	Aruma Resources Ltd	0.06	11%	-5%	3%	-38%	$8,946,806
IXR	Ionic Rare Earths	0.028	0%	-20%	-33%	-63%	$106,544,833
NIC	Nickel Industries	0.89	3%	-7%	11%	-31%	$2,615,982,541
EVG	Evion Group NL	0.066	12%	12%	-21%	-47%	$17,881,358
CWX	Carawine Resources	0.091	-7%	-9%	-4%	-57%	$19,288,112
PLS	Pilbara Min Ltd	3.85	11%	-8%	-18%	20%	$10,313,166,505
HAS	Hastings Tech Met	2.36	-14%	4%	-36%	-55%	$302,277,723
BUX	Buxton Resources Ltd	0.185	3%	-18%	87%	68%	$29,562,778
ARR	American Rare Earths	0.215	5%	-14%	-7%	-52%	$95,971,872
SGQ	St George Min Ltd	0.053	-9%	-24%	56%	6%	$42,866,038
TKL	Traka Resources	0.006	0%	-14%	0%	-45%	$4,336,647
PAN	Panoramic Resources	0.145	16%	4%	-24%	-51%	$297,382,531
PRL	Province Resources	0.041	14%	-23%	-48%	-61%	$43,715,246
IPT	Impact Minerals	0.0095	19%	-5%	36%	-25%	$24,813,706
LIT	Lithium Australia	0.034	0%	-15%	-38%	-70%	$40,299,325
AKE	Allkem Limited	11.53	14%	3%	-20%	5%	$6,465,852,992
ARN	Aldoro Resources	0.18	-14%	13%	-16%	-44%	$22,582,463
JRV	Jervois Global Ltd	0.115	-12%	-38%	-75%	-87%	$249,511,316
MCR	Mincor Resources NL	1.505	45%	22%	-15%	-34%	$809,250,691
SYR	Syrah Resources	1.68	8%	-5%	7%	7%	$1,035,579,006
FBM	Future Battery	0.069	21%	21%	11%	-40%	$28,665,624
ADD	Adavale Resource Ltd	0.013	8%	-28%	-61%	-67%	$5,714,787
LTR	Liontown Resources	2.57	72%	95%	70%	34%	$3,352,643,315
CTM	Centaurus Metals Ltd	0.9	13%	-8%	-13%	-33%	$377,989,052
VML	Vital Metals Limited	0.016	-24%	-33%	-52%	-71%	$84,898,396
BSX	Blackstone Ltd	0.1625	2%	12%	-7%	-60%	$75,790,225
POS	Poseidon Nick Ltd	0.038	9%	6%	-14%	-60%	$129,353,174
CHR	Charger Metals	0.3	20%	2%	-34%	-60%	$10,928,592
AVL	Aust Vanadium Ltd	0.039	26%	22%	11%	-40%	$165,817,758
AUZ	Australian Mines Ltd	0.028	-10%	-36%	-60%	-85%	$16,056,669
TMT	Technology Metals	0.34	55%	13%	-3%	-22%	$74,487,718
RXL	Rox Resources	0.275	-4%	90%	8%	-31%	$63,940,964
RNU	Renascor Res Ltd	0.225	7%	7%	22%	-24%	$520,578,537
GL1	Globallith	1.295	10%	-15%	-43%	-42%	$229,161,250
BRB	Breaker Res NL	0.4	7%	45%	105%	51%	$132,370,534
ASN	Anson Resources Ltd	0.185	-5%	-3%	-38%	32%	$213,299,990
SYA	Sayona Mining Ltd	0.205	0%	-9%	-11%	-11%	$1,643,809,828
FFX	Firefinch Ltd	0.2	0%	0%	0%	-39%	$236,569,315
EGR	Ecograf Limited	0.19	-5%	-10%	-42%	-65%	$83,311,690
ATM	Aneka Tambang	1.1	0%	0%	-4%	0%	$1,434,014
TVN	Tivan Limited	0.074	-4%	-12%	-9%	4%	$104,131,367
ALY	Alchemy Resource Ltd	0.013	-13%	-13%	-32%	0%	$16,493,068
GAL	Galileo Mining Ltd	0.725	34%	-4%	-39%	254%	$135,373,075
BHP	BHP Group Limited	44.4	3%	0%	19%	0%	$220,616,485,214
LEL	Lithenergy	0.615	11%	-15%	-23%	-34%	$33,082,500
MMC	Mitremining	0.275	20%	-10%	62%	57%	$10,514,653
RMX	Red Mount Min Ltd	0.004	33%	-20%	-20%	-56%	$9,087,404
GW1	Greenwing Resources	0.2	-11%	-9%	-44%	-38%	$26,773,561
AQD	Ausquest Limited	0.017	6%	0%	-11%	-19%	$14,027,537
LML	Lincoln Minerals	0.02	-13%	-17%	192%	192%	$11,499,674
1MC	Morella Corporation	0.008	0%	-27%	-65%	-76%	$42,690,063
REE	Rarex Limited	0.047	-2%	-6%	-22%	-51%	$27,231,169
MRC	Mineral Commodities	0.06	0%	-3%	-28%	-45%	$39,412,989
PUR	Pursuit Minerals	0.018	-14%	-33%	44%	-14%	$22,557,766
QPM	Queensland Pacific	0.11	0%	15%	-21%	-42%	$183,366,532
EMH	European Metals Hldg	0.575	-4%	-3%	-22%	-55%	$72,448,511
BMM	Balkanminingandmin	0.23	-4%	-39%	-25%	-32%	$9,402,123
PEK	Peak Rare Earths Ltd	0.475	0%	-20%	8%	-40%	$101,031,529
LEG	Legend Mining	0.049	26%	2%	32%	-28%	$119,848,404
MOH	Moho Resources	0.019	19%	12%	-34%	-63%	$3,737,920
AML	Aeon Metals Ltd.	0.022	-12%	-4%	-21%	-61%	$24,120,814
G88	Golden Mile Res Ltd	0.015	0%	-26%	-52%	-76%	$3,068,846
WKT	Walkabout Resources	0.11	0%	16%	-36%	-41%	$69,420,972
TON	Triton Min Ltd	0.029	-3%	-12%	45%	7%	$38,717,957
AR3	Austrare	0.24	14%	14%	-29%	-68%	$20,944,341
ARU	Arafura Rare Earths	0.495	-2%	-18%	52%	68%	$982,575,608
MIN	Mineral Resources.	80.98	5%	2%	23%	66%	$14,727,295,951
VMC	Venus Metals Cor Ltd	0.155	15%	15%	0%	-11%	$28,492,589
S2R	S2 Resources	0.135	-7%	0%	4%	-21%	$57,412,813
CNJ	Conico Ltd	0.01	5%	-9%	-71%	-39%	$13,544,717
VR8	Vanadium Resources	0.072	3%	6%	-10%	-6%	$35,362,103
PVT	Pivotal Metals Ltd	0.033	-3%	-18%	10%	-31%	$14,234,313
BOA	Boadicea Resources	0.079	0%	-16%	-37%	-63%	$6,170,147
IPX	Iperionx Limited	0.73	4%	-17%	-14%	-42%	$122,377,812
SLZ	Sultan Resources Ltd	0.04	-30%	-23%	-55%	-74%	$3,497,944
NKL	Nickelxltd	0.06	-2%	-19%	-54%	-59%	$4,786,000
NVA	Nova Minerals Ltd	0.44	-1%	-18%	-38%	-38%	$95,954,848
MLS	Metals Australia	0.038	6%	-24%	-14%	-60%	$21,246,267
MQR	Marquee Resource Ltd	0.019	-5%	-37%	-68%	-83%	$6,380,546
MRR	Minrex Resources Ltd	0.022	5%	-27%	-52%	-67%	$24,951,953
EVR	Ev Resources Ltd	0.015	15%	0%	-42%	-73%	$13,103,777
EFE	Eastern Resources	0.0105	-5%	-34%	-65%	-80%	$12,419,465
CNB	Carnaby Resource Ltd	1.05	11%	-6%	46%	-21%	$146,188,198
BNR	Bulletin Res Ltd	0.086	-4%	-22%	-28%	-61%	$26,423,199
AX8	Accelerate Resources	0.022	-4%	-12%	-39%	-64%	$8,307,239
AM7	Arcadia Minerals	0.195	-7%	-19%	-34%	-25%	$9,106,089
AS2	Askarimetalslimited	0.44	-12%	-23%	60%	-19%	$19,551,524
BYH	Bryah Resources Ltd	0.022	22%	5%	-12%	-57%	$5,625,069
DTM	Dart Mining NL	0.056	47%	22%	-23%	-35%	$8,092,269
EMS	Eastern Metals	0.062	0%	-10%	-59%	-68%	$2,421,994
FG1	Flynngold	0.079	-5%	25%	-31%	-41%	$8,332,756
GSM	Golden State Mining	0.032	-9%	-14%	-30%	-62%	$3,393,412
IMI	Infinitymining	0.175	0%	-10%	-15%	3%	$14,148,489
LRV	Larvottoresources	0.15	0%	-9%	-30%	-30%	$9,751,935
LSR	Lodestar Minerals	0.005	0%	0%	-29%	-64%	$8,692,187
RAG	Ragnar Metals Ltd	0.015	7%	-6%	-63%	-52%	$5,687,773
CTN	Catalina Resources	0.0055	38%	-8%	-39%	-69%	$8,669,408
TMB	Tambourahmetals	0.086	-14%	-18%	-46%	-65%	$3,583,756
TEM	Tempest Minerals	0.021	-9%	-9%	-34%	-9%	$10,636,560
EMC	Everest Metals Corp	0.075	0%	-11%	-25%	-39%	$7,556,751
WML	Woomera Mining Ltd	0.01	-17%	-23%	-37%	-47%	$9,561,612
KZR	Kalamazoo Resources	0.135	0%	-21%	-32%	-62%	$20,974,712
LMG	Latrobe Magnesium	0.057	-15%	-22%	-30%	-35%	$97,397,122
KOR	Korab Resources	0.02	5%	-13%	-29%	-52%	$6,606,900
CMX	Chemxmaterials	0.1	-17%	-31%	-44%	-53%	$5,066,113
NC1	Nicoresourceslimited	0.51	10%	-7%	-12%	-54%	$43,962,501
GRE	Greentechmetals	0.1	-23%	-26%	-29%	-52%	$3,713,350
CMO	Cosmometalslimited	0.125	0%	0%	-14%	-17%	$3,188,750
FRB	Firebird Metals	0.135	4%	-21%	-33%	-60%	$9,865,125
S32	South32 Limited	4.19	4%	-2%	13%	-18%	$18,830,450,256
OMH	OM Holdings Limited	0.725	0%	-8%	16%	-14%	$528,115,686
JMS	Jupiter Mines.	0.215	0%	-10%	10%	-17%	$411,388,117
E25	Element 25 Ltd	0.62	5%	-12%	-20%	-41%	$113,323,919
EMN	Euromanganese	0.23	-6%	-16%	-15%	-50%	$57,985,853
KGD	Kula Gold Limited	0.018	6%	-18%	-38%	-60%	$5,779,391
LRS	Latin Resources Ltd	0.11	-4%	0%	15%	45%	$220,165,492
CRR	Critical Resources	0.041	11%	-16%	-41%	-47%	$57,411,175
ENT	Enterprise Metals	0.008	0%	0%	-27%	-41%	$5,640,646
SCN	Scorpion Minerals	0.069	15%	0%	-1%	11%	$21,433,784
GCM	Green Critical Min	0.012	0%	-29%	-8%	-3%	$12,824,222
ENV	Enova Mining Limited	0.012	0%	0%	-29%	-33%	$4,691,152
RBX	Resource B	0.125	-7%	-7%	47%	-32%	$7,704,427
AKN	Auking Mining Ltd	0.059	-2%	-14%	-29%	-67%	$11,780,802
RR1	Reach Resources Ltd	0.004	33%	-20%	-33%	-50%	$9,510,203
EMT	Emetals Limited	0.009	0%	-10%	-47%	-40%	$7,650,000
PNT	Panthermetalsltd	0.12	-17%	-25%	-41%	-52%	$3,843,750
WIN	Widgienickellimited	0.295	9%	-14%	13%	-38%	$71,638,406
WMG	Western Mines	0.15	-3%	-17%	20%	-36%	$6,770,363
AVW	Avira Resources Ltd	0.003	50%	0%	-25%	-50%	$6,401,370
CAI	Calidus Resources	0.225	0%	-2%	-56%	-77%	$105,492,202
GT1	Greentechnology	0.66	10%	2%	-14%	-27%	$118,257,804
KAI	Kairos Minerals Ltd	0.0195	15%	3%	-43%	-30%	$37,317,776
MTM	Mtmongerresources	0.1	1%	-5%	-23%	-46%	$7,076,025
NWM	Norwest Minerals	0.029	-12%	-12%	-24%	-53%	$6,431,651
PGD	Peregrine Gold	0.385	-3%	-9%	-33%	-19%	$15,287,813
RAS	Ragusa Minerals Ltd	0.073	-4%	-27%	-82%	-13%	$9,981,915
RGL	Riversgold	0.016	7%	-27%	-56%	-71%	$16,072,951
SRZ	Stellar Resources	0.011	0%	10%	-21%	-61%	$11,050,940
STM	Sunstone Metals Ltd	0.036	20%	3%	0%	-56%	$75,992,946
ZNC	Zenith Minerals Ltd	0.195	3%	-13%	-30%	-48%	$65,065,618
WC8	Wildcat Resources	0.028	-7%	0%	-13%	-15%	$19,198,659
ASO	Aston Minerals Ltd	0.11	0%	11%	53%	-31%	$116,920,748
THR	Thor Energy PLC	0.0045	-10%	-18%	-50%	-65%	$6,651,508
CZL	Cons Zinc Ltd	0.016	-11%	-20%	-27%	-45%	$7,717,725
IG6	Internationalgraphit	0.19	3%	-27%	-44%	0%	$17,157,681
LPM	Lithium Plus	0.235	2%	-18%	-63%	0%	$10,686,522
ODE	Odessa Minerals Ltd	0.008	0%	-33%	-58%	-43%	$5,655,641
KOB	Kobaresourceslimited	0.14	4%	-3%	12%	0%	$10,885,000
AZI	Altamin Limited	0.064	-16%	-17%	-20%	-14%	$28,987,040
FTL	Firetail Resources	0.1	-5%	-33%	-46%	0%	$6,825,000
LNR	Lanthanein Resources	0.0155	-3%	-18%	-60%	-50%	$15,702,058
CLZ	Classic Min Ltd	0.002	0%	-33%	-88%	-99%	$2,801,583
NVX	Novonix Limited	1.16	-6%	-23%	-38%	-79%	$538,005,638
OCN	Oceanalithiumlimited	0.34	1%	-1%	-35%	0%	$12,024,480
SUM	Summitminerals	0.125	-4%	-17%	-29%	0%	$2,843,668
DVP	Develop Global Ltd	2.95	4%	-5%	19%	-10%	$474,882,708
XTC	Xantippe Res Ltd	0.004	-20%	-33%	-56%	-50%	$47,610,449
OD6	Od6Metalsltd	0.165	-25%	-37%	-11%	0%	$9,627,712
HRE	Heavy Rare Earths	0.11	17%	-21%	-31%	0%	$5,948,793
LIN	Lindian Resources	0.23	-4%	5%	-29%	642%	$225,345,218
PEK	Peak Rare Earths Ltd	0.475	0%	-20%	8%	-40%	$101,031,529
ILU	Iluka Resources	10.26	4%	0%	14%	-5%	$4,327,470,654
ASM	Ausstratmaterials	1.26	-2%	-21%	-47%	-85%	$208,381,534
ETM	Energy Transition	0.043	-2%	-9%	-7%	-34%	$58,296,993
VMS	Venture Minerals	0.02	-5%	-13%	-20%	-52%	$35,334,152
IDA	Indiana Resources	0.05	0%	-9%	-22%	-17%	$25,060,241
VTM	Victory Metals Ltd	0.215	23%	8%	13%	34%	$10,733,739
M2R	Miramar	0.045	0%	-37%	-51%	-72%	$3,359,235
WCN	White Cliff Min Ltd	0.009	-10%	-18%	-53%	-64%	$7,056,490
TAR	Taruga Minerals	0.014	-13%	-22%	-50%	-48%	$9,884,375
ABX	ABX Group Limited	0.12	0%	-8%	-20%	-35%	$26,830,898
MEK	Meeka Metals Limited	0.044	2%	0%	-28%	-14%	$48,042,402
RR1	Reach Resources Ltd	0.004	33%	-20%	-33%	-50%	$9,510,203
DRE	Dreadnought Resources Ltd	0.061	-3%	-21%	-42%	53%	$197,623,693
KFM	Kingfisher Mining	0.25	19%	-18%	-49%	0%	$11,817,300
AOA	Ausmon Resorces	0.005	25%	0%	-38%	-38%	$4,846,447
WC1	Westcobarmetals	0.088	-2%	-43%	-62%	-32%	$7,601,769
GRL	Godolphin Resources	0.085	55%	20%	-3%	-50%	$10,061,403
DM1	Desert Metals	0.14	22%	-13%	-71%	-68%	$8,342,224
PTR	Petratherm Ltd	0.059	5%	-18%	-18%	59%	$12,586,064
ITM	Itech Minerals Ltd	0.265	8%	-2%	-32%	-49%	$29,233,391
KTA	Krakatoa Resources	0.029	4%	-26%	-52%	-38%	$9,996,588
M24	Mamba Exploration	0.075	-25%	-40%	-38%	-53%	$4,512,767
LNR	Lanthanein Resources	0.0155	-3%	-18%	-60%	-50%	$15,702,058
TKM	Trek Metals Ltd	0.069	11%	10%	10%	-3%	$23,656,430
BCA	Black Canyon Limited	0.23	2%	-2%	10%	-26%	$9,416,920
CDT	Castle Minerals	0.019	12%	-14%	-27%	-67%	$20,240,874
RDT	Red Dirt Metals Ltd	0.33	0%	-19%	-45%	-52%	$129,023,172
A11	Atlantic Lithium	0.47	-2%	-26%	-16%	0%	$278,641,164
KNI	Kunikolimited	0.465	15%	-1%	-31%	-63%	$23,889,210
CY5	Cygnus Metals Ltd	0.225	-6%	-27%	-6%	32%	$34,016,729
WR1	Winsome Resources	1.475	7%	-26%	392%	224%	$213,072,760
LLI	Loyal Lithium Ltd	0.32	39%	-3%	-25%	21%	$12,492,900
BC8	Black Cat Syndicate	0.395	14%	1%	27%	-34%	$102,468,502
BUR	Burleyminerals	0.22	16%	-19%	57%	69%	$11,668,727
PBL	Parabellumresources	0.345	0%	-7%	30%	97%	$18,879,263
L1M	Lightning Minerals	0.15	0%	0%	0%	0%	$5,217,975
WA1	Wa1Resourcesltd	1.115	-9%	-10%	619%	444%	$36,655,986
EV1	Evolutionenergy	0.26	4%	-2%	8%	-38%	$39,162,500
1AE	Auroraenergymetals	0.085	-11%	-26%	-62%	0%	$11,047,876
RVT	Richmond Vanadium	0.375	-7%	0%	0%	0%	$33,621,044
PMT	Patriotbatterymetals	1.48	30%	1%	0%	0%	$296,897,388
PAT	Patriot Lithium	0.265	-2%	-18%	0%	0%	$14,917,438
BM8	Battery Age Minerals	0.4	8%	-17%	-20%	0%	$26,347,448
OM1	Omnia Metals Group	0.26	30%	6%	68%	53%	$6,966,648
VHM	Vhmlimited	0.795	-1%	-10%	0%	0%	$113,888,259
LLL	Leolithiumlimited	0.485	8%	-4%	-20%	0%	$434,129,041
SRN	Surefire Rescs NL	0.02	25%	43%	43%	67%	$31,627,270
SRL	Sunrise	1.595	17%	-2%	-42%	-32%	$136,887,976
SYR	Syrah Resources	1.68	8%	-5%	7%	7%	$1,035,579,006

LIONTOWN RESOURCES (ASX:LTR)

Liontown is the biggest mover this week following its rejection of a $5.2 billion takeover offer from one of the world’s largest lithium producers, Albermarle.

It was the third time in five months Albermarle had made an offer for the Kathleen Valley mine developer with previous non-binding indicative proposals including $2.35 per share and $2.20 per share.

This time it valued LTR at $2.50 a share, more than it has ever been worth, however LTR’s board of directors determined it substantially undervalued the company and was not in the best interest of shareholders.

NOW READ: Is Albemarle’s bid for LTR the ‘starter gun’ for lithium takeovers?